-
Biotech Grants and R&D Tax
Biotech Grants & R&D Tax for Biotech: Fueling UK Life Sciences Innovation The UK’s biotech sector plays a pivotal role in delivering breakthrough healthcare solutions, from next-generation therapeutics to synthetic biology and precision diagnostics. To accelerate innovation in this high-risk, high-reward field, the government offers a range of biotech grants and R&D tax relief…
-
Manufacturing Grants and R&D Tax
Manufacturing Grants & R&D Tax The UK manufacturing sector continues to be a vital contributor to economic growth, driven by innovation in automation, sustainability, materials science, and digital transformation. To support these advancements, a combination of manufacturing grants and R&D tax relief is available to incentivise research, development, and process improvement. At FI Group,…
-
Innovation Grants for AI & R&D Tax for Artificial Intelligence Innovation
Unlock Funding for Artificial Intelligence Innovation Artificial Intelligence (AI) is transforming industries across the UK, from predictive healthcare to autonomous logistics. For businesses pioneering in machine learning, data science, and automation, securing public funding is essential to accelerate research, scale development, and remain competitive. Through a combination of Innovation Grants for AI and…
-
Agri-Tech Grants & Smart Farming Tax Relief UK
Funding Innovation in Sustainable Agriculture and Agri-Tech The UK’s agri-tech sector is advancing rapidly, driven by the need to increase productivity, sustainability, and food security. From precision farming and robotics to biotechnology and data analytics, innovation is transforming the agricultural landscape. Businesses developing new agri-tech solutions may be eligible for a combination of Agri-Tech…
-
Enhanced R&D Intensive Support (ERIS)
Enhanced R&D Intensive Support (ERIS) – Maximising Tax Relief for R&D-Focused SMEs The UK Government introduced Enhanced R&D Intensive Support (ERIS) as part of its wider reform of R&D Tax Reliefs, offering additional financial support for the most innovative, R&D-focused small and medium-sized enterprises (SMEs). At FI Group, we specialise in navigating the nuances of…
-
Eligibility for R&D Tax Credits in the UK
Eligibility for R&D Tax Credits in the UK: A Comprehensive Guide Determining your eligibility for R&D tax credits is crucial because many companies underestimate their chances of qualifying. We speak to companies every day who assume R&D incentives “don’t apply” to them – in reality, the definition of R&D for tax purposes is broader…
-
R&D Tax Credit Claim Process
R&D Tax Relief Application Process: Everything You Need to Know Navigating the complexities of R&D Tax Credits can be challenging, particularly under the evolving and increasingly scrutinised UK tax landscape. At FI Group, we act as your trusted partner in navigating this landscape, offering a comprehensive and highly tailored R&D Tax Credit service. With…
-
Video Games Tax Relief (VGTR) & VGEC
Understanding VGTR and VGEC: UK Tax Relief for the Video Games Industry Video Games Tax Relief (VGTR) is a government-backed incentive designed to support the UK’s thriving video games industry. Available to UK-based video games development companies, VGTR enables eligible businesses to claim a significant tax relief or payable credit for qualifying production expenditure. It…
-
Merged R&D Scheme (UK)
As of 1 April 2024, the UK government has introduced a new Merged R&D Tax Relief Scheme, which consolidates the previous SME and RDEC schemes into a single, streamlined credit system. This change aims to simplify the R&D tax landscape, provide consistency across businesses, and target relief towards genuine innovation. The merged scheme is based…
-
SME R&D Tax Relief
Boost Your Business with SME R&D Tax Incentives Small and medium-sized enterprises (SMEs) in the UK can claim generous tax relief on qualifying R&D expenditure. Under the SME R&D tax relief scheme, companies may deduct 186% of eligible costs (100% ordinary plus 86% enhanced deduction) against taxable profits. Loss-making SMEs can also surrender losses for…